LoanLogics announced president and COO Bill Neville has been named chief executive officer. Neville will replace former CEO Brian Fitzpatrick.
“All of us at LoanLogics would like to thank Brian for his contributions to the company and our mission to improve transparency, accuracy and quality within the mortgage process,” said Howard Conyack Jr., founder and chairman of LoanLogics. “Under Bill’s leadership, we will continue to focus on operational excellence and drive technology development to remain at the forefront of industry innovation for years to come.”
Neville, who joined the LoanLogics Board of Directors in 2017 and joined the LoanLogics executive team in 2018, has more than 25 years of experience in the financial services industry. Before joining LoanLogics, he served as North American president for Finastra, one of the world’s largest fintech providers. He also served as a board director and later president of U.S. business at D+H, where he played an important role in the company’s acquisition of various companies, including Mortgagebot, Avista Solutions and Harland Financial.
“It’s a great time to be leading and guiding the future of LoanLogics, which is brighter than ever,” said Neville. “Since I joined the company, LoanLogics has achieved several significant milestones and made major investments in artificial intelligence and machine learning to improve process automation at all levels of the mortgage process. While lenders continue to struggle with high loan production costs and shrinking profitability, the investments we’ve made will enable our clients to reduce costs while improving the quality and salability of loans.”
Neville will continue to oversee the company’s operations and software development, while also leading its growth strategies as a prominent technology provider.
Over the past year, LoanLogics doubled its software team in Jacksonville, invested heavily in new agile development tools and resources, and broadened the role of its client advisory groups to provide key input on product roadmaps. “Thanks to the amazing support we’ve received from our clients, investors and board members, we’re on track with our commitment to automate more aspects of the mortgage manufacturing process to help lenders comply with regulatory and investor guidelines,” Conyack said.